Short Interest in ARC Resources Ltd. (OTCMKTS:AETUF) Increases By 33.7%

ARC Resources Ltd. (OTCMKTS:AETUF) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 5,110,800 shares, a growth of 33.7% from the January 31st total of 3,823,900 shares. Based on an average daily trading volume, of 38,900 shares, the days-to-cover ratio is presently 131.4 days.

ARC Resources Price Performance

ARC Resources stock opened at $17.43 on Tuesday. ARC Resources has a 52 week low of $14.89 and a 52 week high of $19.64. The firm has a market cap of $10.29 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.89 and a beta of 1.08. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.14. The business’s fifty day moving average is $18.34 and its two-hundred day moving average is $17.85.

ARC Resources (OTCMKTS:AETUF) last issued its quarterly earnings results on Thursday, February 6th. The energy company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. ARC Resources had a net margin of 24.40% and a return on equity of 14.48%. Equities research analysts forecast that ARC Resources will post 2.23 earnings per share for the current fiscal year.

ARC Resources Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were given a $0.1335 dividend. This represents a yield of 3.05%. The ex-dividend date was Tuesday, December 31st. This is a boost from ARC Resources’s previous dividend of $0.13. ARC Resources’s payout ratio is 37.96%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upgraded shares of ARC Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th.

About ARC Resources

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.